Samsara Inc. (NYSE:IOT) Insider Sells $2,969,702.55 in Stock

Samsara Inc. (NYSE:IOT) insider Dominic Phillips sold 64,629 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $45.95, for a total transaction of $2,969,702.55. Following the completion of the sale, the insider now directly owns 755,001 shares of the company’s stock, valued at $34,692,295.95. This represents a 7.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dominic Phillips also recently made the following trade(s):

• On Monday, December 9th, Dominic Phillips sold 20,136 shares of Samsara stock. The shares were sold at an average price of $50.45, for a total transaction of $1,015,861.20.
• On Friday, November 1st, Dominic Phillips sold 20,137 shares of Samsara stock. The stock was sold at an average price of $46.39, for a total value of $934,155.43.
• On Tuesday, October 1st, Dominic Phillips sold 20,747 shares of Samsara stock. The shares were sold at an average price of $46.79, for a total value of $970,752.13.

Samsara Price Performance

NYSE IOT traded down $3.14 on Wednesday, reaching $43.64. The company had a trading volume of 3,490,303 shares, compared to its average volume of 3,598,051. Samsara Inc. has a fifty-two week low of $27.14 and a fifty-two week high of $57.51. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of -92.85 and a beta of 1.53. The business has a 50 day moving average of $50.44 and a two-hundred day moving average of $42.89.

Institutional Trading of Samsara

Large investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Samsara by 4.7% during the third quarter. State Street Corp now owns 2,125,584 shares of the company’s stock worth $102,283,000 after buying an additional 95,006 shares during the last quarter. HighTower Advisors LLC lifted its position in Samsara by 193.4% in the 3rd quarter. HighTower Advisors LLC now owns 61,946 shares of the company’s stock valued at $2,981,000 after acquiring an additional 40,833 shares in the last quarter. Swiss National Bank boosted its stake in Samsara by 3.1% during the 3rd quarter. Swiss National Bank now owns 615,600 shares of the company’s stock valued at $29,623,000 after purchasing an additional 18,400 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Samsara by 2,787.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,827 shares of the company’s stock valued at $521,000 after purchasing an additional 10,452 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Samsara in the second quarter worth approximately $537,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IOT shares. Craig Hallum began coverage on Samsara in a research note on Tuesday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $57.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Bank of America increased their price target on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Evercore ISI raised their target price on Samsara from $40.00 to $42.00 and gave the company an “in-line” rating in a report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.29.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.